Choose Alberta GIC - Oil Price

Earn a guaranteed 2.55% interest rate plus a potential one-time bonus that's tied to the Alberta economy.

Interest rate

Guaranteed + Bonus

Offline Purchase Instructions

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Details

Overview

The Choose Alberta GIC is a unique 27-month non-redeemable Guaranteed Investment Certificate (GIC) with possibility of a one-time bonus tied to the West Texas Intermediate (WTI) oil price.

Here's how it works:

  1. Deposit at least $1,000.
  2. Earn interest, calculated annually, for the 27-month term.
  3. On the 15th day of the month before your GIC matures, we'll pull the West Texas Intermediate (WTI) oil price published here and use that to calculate your specified bonus rate.
  4. When your term is up receive your guaranteed rate of return. Your one-time bonus will be paid out within 30 days of your investment maturing.

 

Click here to see the bonus rates and view a payment example >

Pricing

  • Interest earned
    Guaranteed 2.55%1 (calculated annually) + one-time bonus up to 1.00%
  • Fees
    No fees, but if you redeem early, a penalty may apply and you will not receive the one-time bonus
  • Term Range
    27 months
  • Minimum Balance
    $1,000
  • Cashability
    No option for early redemption.

Additional Information

  • Other features
    Unique one-time bonus based on WTI oil price.
  • Notes
    1 - Annual interest rate effective as of October 16, 2018. Rate subject to change without notice. Visit atb.com/rates or any ATB branch for current rates. Choose Alberta GICs are subject to availability. ATB Financial reserves the right to withdraw this offer at any time.

Details

Overview

The Choose Alberta GIC is a unique 27-month non-redeemable Guaranteed Investment Certificate (GIC) with possibility of a one-time bonus tied to the West Texas Intermediate (WTI) oil price.

Here's how it works:

  1. Deposit at least $1,000.
  2. Earn interest, calculated annually, for the 27-month term.
  3. On the 15th day of the month before your GIC matures, we'll pull the West Texas Intermediate (WTI) oil price published here and use that to calculate your specified bonus rate.
  4. When your term is up receive your guaranteed rate of return. Your one-time bonus will be paid out within 30 days of your investment maturing.

 

Click here to see the bonus rates and view a payment example >

Pricing

  • Interest earned
    Guaranteed 2.55%1 (calculated annually) + one-time bonus up to 1.00%
  • Fees
    No fees, but if you redeem early, a penalty may apply and you will not receive the one-time bonus
  • Term Range
    27 months
  • Minimum Balance
    $1,000
  • Cashability
    No option for early redemption.

Additional Information

  • Other features
    Unique one-time bonus based on WTI oil price.
  • Notes
    1 - Annual interest rate effective as of October 16, 2018. Rate subject to change without notice. Visit atb.com/rates or any ATB branch for current rates. Choose Alberta GICs are subject to availability. ATB Financial reserves the right to withdraw this offer at any time.
  • Contact Us
  • 1-844-642-7940
  • Monday - Friday 9am - 6pm
  • Saturday 9am - 5pm

Important Information

Interest rate

Guaranteed + Bonus

Offline Purchase Instructions

You May Also Like

  • Contact Us
  • 1-844-642-7940
  • Monday - Friday 9am - 6pm
  • Saturday 9am - 5pm